Clarkson (LON:CKN) Price Target Raised to GBX 5,250 at Berenberg Bank

Clarkson (LON:CKN) had its target price hoisted by Berenberg Bank from GBX 4,750 to GBX 5,250 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 12.79% from the stock’s current price.

Separately, Canaccord Genuity Group boosted their target price on shares of Clarkson from GBX 4,000 to GBX 4,400 and gave the company a “buy” rating in a research note on Monday, January 12th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 4,512.50.

Clarkson Trading Up 3.1%

Shares of CKN stock traded up GBX 139.49 on Tuesday, reaching GBX 4,654.49. 66,447 shares of the company’s stock were exchanged, compared to its average volume of 210,870. The company’s fifty day simple moving average is GBX 4,138.19 and its 200 day simple moving average is GBX 3,798.27. Clarkson has a 52 week low of GBX 2,630 and a 52 week high of GBX 4,670. The company has a current ratio of 2.19, a quick ratio of 1.69 and a debt-to-equity ratio of 8.91. The stock has a market capitalization of £1.44 billion, a PE ratio of 19.09 and a beta of 0.89.

Clarkson (LON:CKN) last announced its quarterly earnings data on Monday, March 9th. The company reported GBX 225.80 EPS for the quarter. Clarkson had a return on equity of 15.29% and a net margin of 11.59%. As a group, analysts forecast that Clarkson will post 283.011583 EPS for the current year.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation. Its Financial segment provides investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and project finance and bespoke asset finance solutions.